CICF NewsThanks for keeping up with what's going on.http://www.cicf.org/cicf-newsCICF Announces Lilly Endowment Community Scholarship Recipients<p>INDIANAPOLIS, IN &ndash; Thirteen students from Marion and Hamilton counties have been named recipients of four-year, full-tuition scholarships as the Central Indiana Community Foundation (CICF) 2014 Lilly Endowment Community Scholars.</p><p>A total of 99 central Indiana students were interviewed for the scholarships, which stipulated that recipients must: plan to pursue a fulltime baccalaureate course of study beginning in the fall of 2014 at a public or private college or university in Indiana; demonstrate an un-weighted GPA of at least 2.5 (3.0 for students in Hamilton County); demonstrate financial need; demonstrate leadership or initiative in their school or community; and promise to, upon graduation, give back to the community.</p><p>Thirty Hamilton County students were interviewed by the Hamilton County Lilly Endowment Community Scholarship Selection Committee for the scholarships following nominations by their school counselors. The following four were selected as scholarship recipients: Michael Boyer, Sheridan High School; Lucas Miller, Fishers High School; Stephen (Pete) Freeman, Noblesville High School; and Christopher White, Herron High School.</p><p>Sixty-nine Marion County students were interviewed by the Marion County Lilly Endowment Community Scholarship Selection Committee for the scholarships following nominations by their school counselors. The following nine were selected as as scholarship recipients: Keenan Rhodes, Park Tudor High School; Jesus Bazan, Lawrence Central High School; Maddison Schiller, Cardinal Ritter High School; Nupe Vinton, Franklin Central High School; Caleb Guerrero, Key Learning Community; Elsa Posada, Ben Davis University High School; Syretha Shirley, Pike High School; Ana Sainz, Cardinal Ritter High School; and Katie Thien, Lawrence North High School. Chastity Li of Ben Davis High School was originally awarded a scholarship but declined in order to accept an offer of admission to an out-of-state university.</p><p>Each nominee was nominated by his/her guidance counselor before being invited to complete an application and then interview through The Indianapolis Foundation, a CICF affiliate serving Marion County or Legacy Fund, a CICF affiliate serving Hamilton County. Any accredited high school could nominate up to two students in each county. Following the application and interview process, the finalists&rsquo; names were submitted to Independent Colleges of Indiana, Inc. (ICI) for final approval.</p><p>The scholarships are the result of a statewide Lilly Endowment initiative to help Hoosier students reach higher levels of education. Indiana ranks among the lowest states in the percentage of residents over the age of 25 with a bachelor&rsquo;s degree. A total of 143 scholarships were awarded statewide.</p><p><strong><span style="font-size: 13px;">ABOUT CENTRAL INDIANA COMMUNITY FOUNDATION:&nbsp;</span></strong><span style="font-size: 13px;"><br /></span>Central Indiana Community Foundation (CICF) is a $694 million public foundation transforming the lives of central Indiana residents in three ways: consulting donors, family foundations and their professional advisors on charitable giving; awarding grants to effective not-for-profit organizations; and providing leadership to address community needs and seize opportunities. CICF was established in 1997 as a partnership between The Indianapolis Foundation, serving Marion County since 1916, and Legacy Fund, serving Hamilton County since 1991. For more information about CICF, visit cicf.org, or contact Mike Knight at mikek@cicf.org.<br />&nbsp;</p>http://www.cicf.org/cicf-news/2014/april/cicf-announces-lilly-endowment-scholarship-recipientsWed, 31 Dec 1969 19:00:00 -0500The Indianapolis Foundation To Administer 2014 Community Crime Prevention Grant Program <p><a href="http://www.cicf.org/the-indianapolis-foundation">The Indianapolis Foundation</a>, an affiliate of Central Indiana Community Foundation, has been selected by the City-County Council of Indianapolis and Marion County to be the fiscal agent and grant manager for the City of Indianapolis 2014 <a href="http://www.cicf.org/community-crime-prevention-grant-funding-criteria">Community Crime Prevention Grant Program</a>. (For additional background about the Community Crime Prevention Grant Program, see below.)</p><p>The $2 million Grant Program will again support community-based organizations that can demonstrate community impact. This year&rsquo;s Grant Program also includes a Phase I expedited allocation focused specifically on 2014 summertime job programs for youth as well as crime-deterrent programming for at-risk populations in designated high-crime areas.</p><p>Phase I grant awards will range between $5,000 and $20,000 and must be expended between June 1, 2014 and September 1, 2014. Organizations must be a 501 (c) (3) charitable organization or a public entity partnering with a 501 (c) (3) charitable organization as a fiscal agent in order to be eligible for grant consideration.</p><p>Phase II grants will range between $5,000 and $100,000; the application process begins July 1, 2014, and end at 5:00 p.m., July 31, 2014. Phase II grants are one-year grants and will be awarded in the fall of 2014. Organizations must be a 501 (c) (3) charitable organization or a public entity partnering with a 501 (c) (3) charitable organization as a fiscal agent in order to be eligible for grant consideration.</p><p>As in 2013, for Phase II, the Foundation will consider organizations that clearly demonstrate an immediate intentionality around crime prevention and support programming that:</p><ul><li>Prevents violent crimes among residents</li><li>Provides prevention or intervention services to adults or youth facing unique challenges</li><li>Improves neighborhood safety</li><li>Partners with public agencies to help reduce or prevent crime in our community</li></ul><p>&ldquo;The Indianapolis Foundation is honored to have this opportunity to help and support Indianapolis, and to join a community-wide effort to improve public safety by ensuring more of its citizens of all ages and circumstances have better access to productive, meaningful lives,&rdquo; said Brian Payne, President, The Indianapolis Foundation (and President and CEO, CICF). &ldquo;The Phase I fund distribution is meant to help more of our youth take productive steps while school is out, and to take the next steps toward a better, more successful future.&rdquo;</p><p>Applications for Phase I fund consideration only are available <a href="https://www.gdg.do/prod1/portal/portal.jsp?c=2401752&amp;p=3366077&amp;g=3366079%29"><font class="blue ">here</font></a>. The deadline for submitting an application is April 30, 2014 at 5:00 p.m. Applications for Phase II will be available on July 1, 2014, at <a href="http://www.cicf.org"><font class="blue ">www.cicf.org</font></a>. For additional information, contact Alicia Barnett at <a href="javascript:void(location.href='mailto:'+String.fromCharCode(97,98,97,114,110,101,116,116,64,99,105,99,102,46,111,114,103)+'?subject=Community%20Crime%20Prevention%20Grant%20Program')">abarnett@cicf.org</a> or 317.634.2423.</p><p>The Indianapolis Foundation was selected to administer the Community Crime Prevention Program in 2013. Since its creation in 1916, The Indianapolis Foundation has awarded more than $200 million in grants to Marion County-based not-for-profits serving a broad range of people and addressing a wide variety of community needs. A high percentage of these grants have been directed at diverse populations and include support for: impoverished individuals and families working to achieve self-sufficiency; increased post-secondary education and vocational training attainment, specifically in low-income populations and; to help provide basic needs for economically disadvantaged families.</p><p><strong>ABOUT THE COMMUNITY CRIME PREVENTION GRANT PROGRAM:</strong><br />In August 2006, the Community Crime Prevention Task Force was convened to study the root causes of crime in the community, determine the types of programs most likely to prevent crime or effectively intervene in the lives of those at risk of criminal behavior, and make recommendations about how the community could prevent crime in the future. The task force examined the underlying problems that led to a surge in violent crime in Indianapolis and in 2007 recommended actions to stem the violence and to prevent crime before it occurs. In July 2007, the City-County Council passed Proposal No. 264 to increase the County Option Income Tax (COIT) and establish the Community Crime Prevention Grant (CCPG) program to provide funding for crime prevention initiatives recommended by the Task Force its January 2007 final report.</p><p>In June 2012, the Community Crime Prevention Grant program awarded over $1.8M to 18 organizations that specifically provided support to youth programs and to programs that helped previously incarcerated individuals back in to jobs and back in to the community. <br />At the request of the City-County Council, in April 2013, The Indianapolis Foundation, a Central Indiana Community Foundation (CICF) affiliate, entered into a contract with the City of Indianapolis to manage the $2 million Community Crime Prevention Grant program.<br />The Indianapolis Foundation Board of Trustees has agreed to serve as the fiscal agent and grant manager for the 2013 $2 million Community Crime Prevention Grant allocation, with resources going to support community-based organizations that can demonstrate community impact.</p><p>The previous Community Crime Prevention Grant Program, which ended as of May 31st, 2013, was administered by the Indianapolis Parks Foundation. All previous Community Crime Prevention Grant recipients were invited to reapply for grants from July 1 to July 31, 2013.</p><p>The Indianapolis Foundation has worked since the culmination of the 2012 Community Crime Prevention Grant Program (May 31, 2013) to create a process that is transparent and holistic in its approach of administering public resources to achieve the greatest public impact. This work included a &ldquo;listening tour&rdquo; of many of the city&rsquo;s non-profit organizations that provide related and/or associated crime prevention services. The Foundation will continue to solicit input from community leaders and residents to help develop strategies that address both the symptoms and root causes of crime in Indianapolis and Marion County. For additional information, Community Crime Prevention Grant organizations are encouraged to visit www.cicf.org.</p><p>For additional grant information, contact Alicia Barnett at <a href="javascript:void(location.href='mailto:'+String.fromCharCode(97,98,97,114,110,101,116,116,64,99,105,99,102,46,111,114,103,32)+'?subject=Community%20Crime%20Prevention%20Grant%20Program')">abarnett@cicf.org</a> or 317.634.2423.</p><hr /><p><strong>ABOUT THE INDIANAPOLIS FOUNDATION:</strong> Established in 1916, The Indianapolis Foundation was one of the first community trusts in America. The Foundation is a public charity and an affiliate of Central Indiana Community Foundation (CICF), a collaborative effort between the community foundations serving Marion and Hamilton Counties. As Indiana&rsquo;s oldest and largest community foundation, The Indianapolis Foundation was created to ensure that the quality of life in Marion County continuously improves; to help where the needs are greatest and the benefits to the community are most extensive; and to provide donors a vehicle for using their gifts in the best possible way now, and in the future as conditions in the community change. It awards approximately $7 million annually to support current and future community needs, and is governed by a board of six publicly-appointed directors (Two are appointed by the Mayor of Indianapolis; two by the Marion County Circuit Court Judge; and two by the United States District Court presiding over Indianapolis).</p><p><strong>ABOUT CENTRAL INDIANA COMMUNITY FOUNDATION: </strong><br />Central Indiana Community Foundation (CICF) is a $694 million public foundation transforming the lives of central Indiana residents in three ways: consulting donors, family foundations and their professional advisors on charitable giving; awarding grants to effective not-for-profit organizations; and providing leadership to seize opportunities and address community needs. CICF was established in 1997 as a partnership between The Indianapolis Foundation, serving Marion County since 1916, and Legacy Fund, serving Hamilton County since 1991. For more information about CICF, visit cicf.org, or contact Mike Knight at <a href="javascript:void(location.href='mailto:'+String.fromCharCode(109,105,107,101,107,64,99,105,99,102,46,111,114,103)+'?subject=More%20information%20about%20CICF')">mikek@cicf.org</a>.</p>http://www.cicf.org/cicf-news/2014/april/the-indianapolis-foundation-to-administer-2014-community-crime-prevention-grant-program-Wed, 31 Dec 1969 19:00:00 -0500Small But Mighty … Generous<p>With just over 2,600 residents, Sheridan, Indiana isnt&rsquo; the largest community in Hamilton County. The historic Boxley Cabin and charming downtown buildings are a testament to the town&rsquo;s past and a focus of its new growth. It&rsquo;s both a charming place and one with significant community pride, including an impressive high school football record.</p><table width="200" cellspacing="5" cellpadding="5" border="0" align="right"><tbody><tr><td><img width="300" height="200" src="/files/image/C_016844(1).jpg" alt="" /></td></tr><tr><td style="text-align: center;"><small><font class="blue ">Several Sheridan Fund grants focus on improving educational outcomes and supporting youth.</font></small></td></tr></tbody></table><p>But it also has its fair share of needs. There are people inside the town and just beyond its limits who need support to make it through hard times. In February 2013, with gifts from JBS United and The Biddle Memorial Foundation, Legacy Fund helped <a href="http://www.cicf.org/cicf-news/2013/February/legacy-fund-announces-new-sheridan-community-fund">establish the Sheridan Fund</a>. The fund is dedicated to providing support for effective not-for-profits with a focus on human and social services.</p><p>And, in December 2013, less than a year after its founding, the Sheridan Fund invested in five local programs that will directly address critical needs in the town.&nbsp;</p><p>Grants awarded include support for:</p><ul><li>Hamilton County Area Neighborhood Development&rsquo;s Helping HAND program;</li><li>Arts-based youth programming provided by Arts for Learning, Indiana&rsquo;s Young Audiences affiliate;</li><li>Nutritional food items for individuals facing food insecurity and hunger from Midwest Food Bank;</li><li>ReadUP, a literacy tutoring program, from United Way of Central Indiana; and</li><li>School-based food pantry supports by Gleaners Food Bank of Indiana.</li></ul><p>The Sheridan Fund is administered by the Legacy Fund&rsquo;s Grant Review Committee . The Legacy Fund offers a similar grant process through The Noblesville Fund, a partnership that allows municipalities and other community stakeholders to address community needs with ease.</p><p>Individuals interested in contributing to The Sheridan Fund may do so by sending a check to Legacy Fund, attn: The Sheridan Fund, 515 E. Main Street, Carmel, Indiana, 46032. Checks should be made payable to Legacy Fund, and please include &ldquo;The Sheridan Fund&rdquo; on the check memo.<br />&nbsp;</p><hr /><p>Read more about <a href="http://www.cicf.org/cicf-news/category/legacy-fund">Legacy Fund's impact in Hamilton County</a>.</p>http://www.cicf.org/cicf-news/2014/april/small-but-mighty-generousWed, 31 Dec 1969 19:00:00 -0500The Indianapolis Foundation Awards More Than $1.8 Million In Grants<p>The Indianapolis Foundation, an affiliate of the Central Indiana Community Foundation and the Foundation&rsquo;s Library Fund awarded $1.859 million in grants and awards to 25 not-for-profit serving Marion County on March 17, 2014.</p><p><span style="font-size: 13px;">The grants were awarded to the organizations listed below within the following categories: Arts &amp; Culture, Education, Environment, Civic &amp; Community Involvement, and Health &amp; Human Services. In addition to not-for-profits that provide services directly to those in need, grants were also awarded to foundations and funds that support those service providers.</span></p><p>&ldquo;The Indianapolis Foundation is committed to supporting organizations and projects that are addressing the broad spectrum of today&rsquo;s needs in our community as well as those that are preparing us for tomorrow&rsquo;s,&rdquo; said Milton O. Thompson, Board Chair, The Indianapolis Foundation Board of Directors.</p><hr /><p><img src="/files/image/The%20Indianapolis%20Foundation%202014%20Grant%20Awards%20Table3.png" width="580" height="617" alt="" /></p><p>&nbsp;</p><p>&nbsp;</p>http://www.cicf.org/cicf-news/2014/april/the-indianapolis-foundation-awards-Wed, 31 Dec 1969 19:00:00 -0500Legacy Fund of Hamilton County Awards More Than $100,000 In Grants and Scholarships<p>CARMEL, IN &mdash; <a href="http://www.cicf.org/legacy-fund">Legacy Fund of Hamilton County</a>, an affiliate of the Central Indiana Community Foundation, awarded $103,000 in grants and $6,800 in Legacy Fund Community Scholarships on March 12, 2014.</p><p>The grants and scholarships were made possible by Legacy Fund&rsquo;s Community Endowment Fund, and also The Sheridan Fund and The Noblesville Fund, which contributed $2,000 and $5,000 respectively to city-specific grants.</p><p>The community endowment is an &ldquo;unrestricted&rdquo; fund created by donors with an interest in supporting Hamilton County; The Sheridan Fund and The Noblesville Fund were created by each city in order to focus on city-specific issues; Grant allocations from the Community Endowment Fund are approved by Legacy Fund Board of Directors.</p><p>Grants awards included $50,000 to support &ndash; and continue the county-wide expansion of &ndash; the Hamilton County Youth Assistance Programs in 2014 and $45,000 to address community-wide issues including domestic violence, cancer support, sexual abuse, low- and moderate-income housing, medical and dental support for under- and un-insured residents and a community food pantry.</p><p>Created in 2009 by the City of Westfield, the <a href="http://www.cicf.org/cicf-news/2013/february/keeping-kids-out-of-crisis">Youth Assistance Program</a> was designed not only to keep kids out of the juvenile justice system through early intervention, but also to help them develop critical skills and supports that will lead to productive lives in their community. Legacy Fund and The Estridge Family Trust Foundation have awarded more than $120,000 to the program since 2011.</p><p>The LINK Youth Advisory Council was created in 2002 by Legacy Fund to give Hamilton County youth an opportunity to be directly involved in their community and to inspire leadership in high school students through service, grantmaking and educational opportunities.</p><p>Legacy Fund Community Scholarships were created in 2001, and are awarded to semifinalists during the <a href="http://www.cicf.org/cicf-news/2013/january/scholarly-journey-from-noblesville-to-namibia">Lilly Endowment Community Scholarship</a> election process. Thirty applications were submitted for the scholarships and were reviewed by a Scholarship Selection Committee composed of Legacy Fund Board members and community members between January 21st and February 5th, 2014. Four students were selected as Legacy Fund Community Scholarship recipients.</p><p>&ldquo;In keeping with Legacy Fund&rsquo;s longtime mission, these grants are meant to support organizations addressing critical issues within our community,&rdquo; said Corby D. Thompson, board chair, Legacy Fund. &ldquo;The funds that made these grants possible were created by donors with one thing in common &ndash; a deep commitment to making Hamilton County a better place to live for everyone.&rdquo;<br /><br />Download the <a href="/files/file/Hamilton_County_NonProfits_Receive_Legacy_Fund_Grants.pdf">complete press release</a> for additional information on specific grants and recipient organizations. </p><hr /><p>ABOUT LEGACY FUND: <br />Legacy Fund, an affiliate of the Central Indiana Community Foundation (CICF), is a $50 million public foundation that serves Hamilton County by administering charitable funds, foundations and organizational endowments for individuals, families and not-for-profit entities. Established in 1991, Legacy Fund&rsquo;s goal is to inspire philanthropy as it helps people enhance their family and charitable legacies in tax-smart ways. Legacy Fund has three main priorities: consult with donors, family foundations and professional advisors on charitable giving; award grants; and provide leadership to address community needs.</p><p>ABOUT CENTRAL INDIANA COMMUNITY FOUNDATION: <br />Central Indiana Community Foundation (CICF) is a $694 million public foundation transforming the lives of central Indiana residents in three ways: consulting donors, family foundations and their professional advisors on charitable giving; awarding grants to effective not-for-profit organizations; and providing leadership to address community needs and seize opportunities. CICF was established in 1997 as a partnership between The Indianapolis Foundation, serving Marion County since 1916, and Legacy Fund, serving Hamilton County since 1991. For more information about CICF, visit cicf.org, or contact Mike Knight at mikek@cicf.org.<br />&nbsp;</p>http://www.cicf.org/cicf-news/2014/march/legacy-fund-of-hamilton-county-awards-more-than-100000-in-grants-and-scholarshipsWed, 31 Dec 1969 19:00:00 -05002014 Efroymson Contemporary Arts Fellowship Guidelines Released<p><em><strong>Five $25,000 fellowships to be awarded to Midwest-based artists</strong></em></p><table width="266" height="586" cellspacing="3" cellpadding="3" border="0" align="right"><tbody><tr><td><img width="250" height="187" alt="" src="/files/image/Sarah FitzSimons 01(House for Mando).jpg" /></td></tr><tr><td><img width="250" height="136" alt="" src="/files/image/Jason Lazarus 03 (Phase 1 Live Archive).jpg" /></td></tr><tr><td><img width="250" height="166" alt="" src="/files/image/Carter_Scott_a-temporary-engagement(1).jpg" /></td></tr><tr><td style="text-align: center;"><small><font class="blue ">2013 Fellows included Sarah FitzSimons, Jason Lazarus and Scott Carter, whose work is represented above.</font></small></td></tr></tbody></table><p>Five selected contemporary Midwestern visual artists will each receive a $25,000 Efroymson Contemporary Arts Fellowship made possible by the <a href="http://www.cicf.org/efroymson-contemporary-arts-fellowships">Efroymson Family Fund</a>, a donor-advised fund of Central Indiana Community Foundation.</p><p>Established in 2004, the Fellowship program was created to increase awareness of contemporary art in the Midwest. The intent of the Fellowship is to reward creativity and encourage emerging individual visual artists by supporting their artistic development. The Fellowship program has awarded $20,000 to $25,000 to selected Fellows, and has distributed $825,000 to 40 contemporary Midwestern visual artists since its inception.</p><p>Fellowship categories are restricted to Installation, Sculpture and New Media, and selection criteria are based upon: Quality and skill; creativity and uniqueness; commitment to developing the work; and impact the award will have on the artist&rsquo;s career. To be eligible, artists must be: Age 25 or older by May 8, 2014; a resident of either Indiana, Illinois, Michigan, Minnesota or Wisconsin as of May 2013; and make a commitment to reside in Illinois, Indiana, Michigan, Minnesota or Wisconsin for the duration of the fellowship (September 2014-September 2015).</p><p>Applications are available from Wednesday, March 19, 2014 to Thursday, May 8, 2014. Artists interested in applying for the 9th Efroymson Contemporary Arts Fellowships should review the <a href="http://www.cicf.org/files/file/2014%20Efroymson%20Contemporary%20Arts%20Fellowship%20Guidelines.pdf">complete guidelines</a> and submit a <a href="https://cicf.slideroom.com/#/Login">completed online application</a> by May 8, 2014.</p><p>For additional information, applicants should contact Mary Johnson at maryj@cicf.org, or 317-634-2423.</p><hr /><p><a href="http://www.cicf.org/efroymson-contemporary-arts-fellowships">More about Efroymson Contemporary Arts Fellowship.</a><br /><a href="http://www.cicf.org/cicf-news/category/efroymson-family-fund">More about Efroymson Family Fund grants and community impact.</a><br />&nbsp;</p>http://www.cicf.org/cicf-news/2014/march/2014-efroymson-contemporary-arts-fellowship-guidelines-releasedWed, 31 Dec 1969 19:00:00 -0500CICF’s Sky Blue Window Celebrates First Year of Operation<p>INDIANAPOLIS, IN &mdash; <a href="http://www.skybluewindow.org/">Sky Blue Window</a>, <a href="http://www.cicf.org/">Central Indiana Community Foundation</a>&rsquo;s website devoted to telling compelling stories about the arts in central Indiana will celebrate its first year in operation on Tuesday, March 11, 2014. According to Google Analytics, approximately 85,000 users have visited the site since it launched.</p><p><a href="http://www.skybluewindow.org/"><img width="280" height="279" align="right" src="/files/image/sbw 320.jpg" alt="" /></a>Made possible by CICF affiliate <a href="http://www.cicf.org/the-indianapolis-foundation">The Indianapolis Foundation</a>, Sky Blue Window&rsquo;s mission is to create more demand for the arts in central Indiana by offering users content that allows them to explore, learn about and sample exhibitions, programs and performances. Content for the site is created by professional contributors, including freelance writers and <a href="http://www.wfyi.org/">WFYI</a> Productions as well as student contributors from <a href="https://www.butler.edu/">Butler University</a>, <a href="http://www.franklincollege.edu/">Franklin College</a>, <a href="http://www.iupui.edu/">IUPUI</a> and <a href="https://www.uindy.edu/">University of Indianapolis</a>. Though the site is one of many &ldquo;not-for-profit news sites&rdquo; supported by community foundations supported across the United States, few if any of those sites are focused on creating demand for the arts.</p><p>Besides its mission of creating more demand for the arts in central Indiana, the site provides a career development opportunity for collegiate contributors while also providing them with a chance to address an important community development issue. Currently, 61 percent of the site&rsquo;s users are between the ages of 18 and 35. </p><p>&ldquo;Sky Blue Window represents another facet of CICF&rsquo;s commitment to the arts in central Indiana,&rdquo; said Brian Payne, President and CEO, The Indianapolis Foundation and CICF. &ldquo;It&rsquo;s also a creative and unique way of attracting and engaging a new generation of leaders around an important community development issue.&rdquo;</p><p>Visit <a href="http://www.skybluewindow.org/">skybluewindow.org</a> for additional information about the site.</p><hr /><p>Read more about CICF's commitment to supporting <a href="http://www.cicf.org/cicf-news/category/inspiring-places">central Indiana's community development</a>.<br />&nbsp;</p>http://www.cicf.org/cicf-news/2014/march/cicfs-sky-blue-window-celebrates-first-year-of-operationWed, 31 Dec 1969 19:00:00 -0500Central Indiana Community Foundation Announces 2014 Board Leadership Changes<p>INDIANAPOLIS, IN &mdash; <a href="http://www.cicf.org/about-cicf">Central Indiana Community Foundation</a> (CICF) announced new members and officers for CICF's Board of Directors as well as to the Board of Directors for its affiliates, <a href="http://www.cicf.org/the-indianapolis-foundation">The Indianapolis Foundation</a> and <a href="http://www.cicf.org/legacy-fund">Legacy Fund of Hamilton County</a>.</p><p>New <strong><em>officers</em></strong> include:<br /><strong>Mr. Charles Sutphin</strong>, who replaces Mr. Mark Hill as the new Board Chair of Central Indiana Community Foundation; Mr. Hill remains a Director on the Board. Mr. Sutphin joined the board of Central Indiana Community Foundation in 2007 and has been chairman since January 2014. An active volunteer in Indianapolis, he has served on many not-for-profit boards, including the Indianapolis Museum of Art, Tarkington Civic Theatre, Coburn Place Safe Haven, Writers&rsquo; Center of Indiana (for 20 years) and Crown Hill Cemetery. He is an active member of four investment committees.&nbsp;</p><p><strong>Mr. Milton Thompson </strong>replaces Ms. Sarah Wilson Otte as Board Chair of The Indianapolis Foundation Board of Directors. Mr. Thompson is chief executive officer and president of Grand Slam Companies and of counsel for the law firm Bleeke Dillon Crandall. Mr. Thompson was appointed to his fourth six-year term as a Board Member of The Indianapolis Foundation in 2009 by Chief Judge David F. Hamilton of the US District Court. He serves on the CICF Executive Committee, Board Governance &amp; Nominating Committee, and as Board Liaison of the CICF Family Success Initiative.</p><p><strong>Mr. Corby Thompson</strong> replaces Ms. Peggy Monson as Board Chair for Legacy Fund of Hamilton County. Ms. Monson served on the Legacy Fund Board since 2006. Mr. Thompson is president of both Thompson Land Company and Boomerang Development. He is an active member of the Fishers community including past board member of the Fishers Chamber of Commerce, Fishers Parks Advisory Committee, and Fishers Rotary Club.&nbsp;<br />&nbsp;</p><p>New board <strong><em>members</em></strong> include:</p><p><strong>Ms. Kathy Davis</strong>, owner and founder of Davis Design Group, was appointed by Marion County Circuit Court Judge Louis Rosenberg to fill the vacancy left by Ms. Otte&rsquo;s rotation off of the Foundation&rsquo;s Board of Directors. Appointed by Governor Joe Kernan, Ms. Davis was the first woman to serve as Indiana&rsquo;s Lieutenant Governor. Ms. Davis also served as Controller for the City of Indianapolis, Secretary of the Indiana Family and Social Services Administration, and State Budget Director. She currently serves on many other boards as well. By virtue of her appointment to The Indianapolis Foundation Board of Directors, Ms. Davis will also join the boards of CICF and The William E. English Foundation. Indianapolis Foundation Directors are appointed to six-year terms.</p><p><strong>Mr. Michael Simmons</strong>, CICF Board of Directors. Mr. Simmons co-founded T2 Systems in 1994 and served as CEO until 2013 when he moved into the role of Chairman. He also serves as Managing Director of Jupiter Peak, LLC, which is focused on investment in the local technology community. Mr. Simmons serves on the Board of Directors of the Indiana Repertory Theater and T2 Systems, and has served on a number of other local not-for-profit boards, including as the chairman of the TechPoint Foundation for Youth.</p><p><strong>Ms. Myrta Pulliam</strong>, CICF Board of Directors. Ms. Pulliam has worked in editorial areas of The Indianapolis Star since 1970 and is currently the Director of Special Projects at The Indianapolis Star. Originally elected to the CICF Board in 2004, she has served on the CICF Board Governance Committee and Women&rsquo;s Fund of Central Indiana, a CICF Fund. Ms. Pulliam also serves the community on the boards of the Indianapolis Zoological Society, Indianapolis Museum of Art, Methodist Health Foundation, DePauw University and Queens University of Charlotte. Ms. Pulliam is also a member of the Board of Directors for The Indianapolis Cultural Trail: A Legacy of Gene &amp; Marilyn Glick. This is Ms. Pulliam&rsquo;s fourth term on the CICF Board of Directors.</p><p><strong>Ms. Elaine Bedel</strong>, CICF Board as ex-officio Women&rsquo;s Fund of Central Indiana, a CICF Fund, Board Chair. President and owner, Bedel Financial Consulting, Ms. Bedel is involved in Rotary Club and Rotary Foundation, serves on the Board of Advisors for the IU School of Nursing, serves on the board of directors for Goodwill Industries and the Eagle Creek Foundation and chairs the St. Lutheran Church Endowment Committee.</p><p><strong>Mr. Frank Esposito, Jr.</strong>, Legacy Fund Board of Directors. Mr. Esposito is a senior member of the Esposito Green Group at UBS Financial Services, the Chair of the Corporate Work Study Board for Providence Cristo Rey High School and a board member for the Indiana Repertory Theater. Mr. Esposito is a past board member for Easter Seals Crossroads as well as St. Vincent New Hope.</p><p><strong>Mr. Brian Myers</strong>, Legacy Fund Board of Directors. Mr. Myers is director of sales for Crown Technology in Indianapolis. He has been a member of Legacy Fund's grant committee since 2009. Prior to joining the Legacy Fund board, Brian served on the Sheridan Chamber of Commerce Board from 2009 to 2013. In addition to volunteering on the board of Make A Wish of Indiana, he is the current board president of Biddle Memorial Foundation.<br />&nbsp;</p><p>Rotating <strong>off</strong> the CICF Board of Directors in December 2013 were:</p><p><strong>Ms. Peggy Monson</strong> (board member since 2004). Ms. Monson served as Legacy Fund Board Chair from 2012-2013 and as Vice-Chair from 2006-2011. Prior to becoming a Wealth Management and Development Consultant in 2013 she held positions with Heartland Truly Moving Pictures, National City Bank and Prudential Financial. She is a member of CICF&rsquo;s Barnabas Fund and the Association of Fundraising Professionals.</p><p><strong>Mr. Larry Sablosky</strong> (board member since 2010). Mr. Sablosky served as Legacy Fund Board Chair in 2010 and 2011, and also as Vice-Chair in 2012 and 2013. Mr. Sablosky was a Co-founder and Director of The Finish Line, Inc.&nbsp;</p><p><strong>Ms. Sarah Wilson Otte</strong> (board member since 2002). A community leader, Ms. Otte served on The Indianapolis Foundation Board for two terms (2002-2007 and 2008-2013), and was Board Chair in 2007 and 2013. She has served on a wide variety of boards, and has had a focus on supporting libraries. Ms. Otte&rsquo;s volunteer service includes board and/or committee support at: Indiana State Library Foundation; Indianapolis Marion County Public Library; Propylaeum Historic Foundation; United Way of Central Indiana; Indiana Library Federation; Junior League of Indianapolis; Historic Landmarks Foundation of Indiana; and many others.</p><p><strong>Ms. Julie Manning Magid</strong> (Ex-Officio board member since 2013). Ms. Manning Magid is Chair of the Women&rsquo;s Fund of Central Indiana, a Fund of CICF, Advisory Board and also serves on the Women&rsquo;s Fund Society Committee. Ms. Manning Magid is an Associate Professor of Business Law at the Kelley School of Business, Indiana University; she primarily teaches students in the MBA program and focuses her research on employment law as well as issues of gender and economic self-sufficiency.</p><p>&ldquo;CICF is honored to have the collective skills of these new officers and board members as our leaders, advocates and financial partners,&rdquo; said Brian Payne, President and CEO of CICF and President of The Indianapolis Foundation. &ldquo;Each of our board members is dedicated to serving our community and contributing their leadership and financial support to help our residents thrive in the 21st Century.&rdquo;</p><p><strong><font class="blue ">Central Indiana Community Foundation Board of Directors for 2014:</font></strong><br />&bull; Board Chair &ndash; Mr. Charles P. Sutphin, Community Leader <br />&bull; Vice-Chair &ndash; Ms. Cynthia Simon Skjodt, Community Leader, The Indianapolis Foundation Board of Directors Chair<br />&bull; Secretary &ndash; Mr. Alan A. Levin, Managing Partner, Barnes &amp; Thornburg <br />&bull; Treasurer &ndash; Mr. Gregory F. Hahn, Partner, Bose McKinney Evans, LLP <br />&bull; Ms. Elaine Bedel, President, Bedel Financial Consulting, Inc., Ex-Officio <br />&bull; Mr. Michael Daugherty, Key Private Bank, Vice-Chair of Legacy Fund <br />&bull; Ms. Kathy Davis, Owner/Founder, Davis Design Group <br />&bull; Ms. Traci Dolan, Community Leader <br />&bull; Mr. Henry L. Fernandez, Vice President for Government Relations and Outreach, USA Funds <br />&bull; Ms. Marianne Glick, President/Owner, Glick Training Associates <br />&bull; Mr. Mark E. Hill, Managing Partner, Collina Ventures, LLC <br />&bull; Ms. Myrta J. Pulliam, Community Leader <br />&bull; Ms. Marisol Sanchez, General Counsel, Endress+Hauser <br />&bull; Mr. Jerry Semler, Chairman Emeritus at American United Mutual Insurance Holding Company <br />&bull; Mr. Michael J. Simmons, Co-Founder and CEO, T2 Systems, Inc. <br />&bull; Mr. Joseph L. Smith, Jr., Partner, Faegre Baker Daniels <br />&bull; Mr. Corby D. Thompson, Thompson Land Company, Inc., Legacy Fund Chair <br />&bull; Mr. Milton O. Thompson, President, Grand Slam Companies, The Indianapolis Foundation Board of Directors Chair <br />&bull; Mr. Lee White, Vice President, Mainscape <br /><br /><strong><font class="blue ">The Indianapolis Foundation Board of Directors for 2014: </font></strong><br />&bull; Board Chair &ndash; Mr. Milton O. Thompson <br />&bull; Vice-Chair &ndash; Ms. Cynthia Simon Skjodt<br />&bull; Secretary &ndash; Mr. Gregory F. Hahn <br />&bull; Ms. Kathy Davis<br />&bull; Mr. Alan A. Levin <br />&bull; Mr. Jerry Semler <br /><br /><font class="blue "><strong>Legacy Fund Board of Directors for 2014:</strong></font><br />&bull; Board Chair &ndash; Mr. Corby D. Thompson, President, Thompson Land Company, Inc.<br />&bull; Vice-Chair &ndash; Mr. Michael E. Daugherty, Assistant Vice President, Key Private Bank <br />&bull; Secretary &ndash; Ms. Ann O&rsquo;Hara, Partner, Church, Church, Hittle &amp; Antrim <br />&bull; Treasurer &ndash; Dane Rowland, President, Image Builders/Rowland Printing <br />&bull; Ms. Lisa B. Allen, Community Leader <br />&bull; Mr. Lawrence C. Beck, President, Beck's Hybrids <br />&bull; Mr. Henry B. Blackwell, Retired: Baker &amp; Daniels <br />&bull; Ms. Brenda Bush, Consultant, Edgehill Associates <br />&bull; Ms. Judith L. Campbell M.D., Campbell Psychiatric Services, Inc. <br />&bull; Mr. Frank Esposito, Jr., Senior Member, UBS Financial Services, Inc.<br />&bull; Mr. Paul Estridge, Chairman, The Estridge Companies <br />&bull; Ms. Kay Hartley, Owner, Hartley Companies <br />&bull; Mr. Steven Holt, Partner, Holt, Fleck &amp; Romine, LLC <br />&bull; Mr. Mike Houk, Retired: WellPoint <br />&bull; Mr. Jim Longstreth, Financial Advisor, Wells Fargo <br />&bull; Mr. Jay Merrell, Executive Vice President, Industrial Dialectics <br />&bull; Mr. Brian Myers, Director of Sales, Crown Technologies <br />&bull; Mr. Steve Pittman, Founder, Pittman Partners, Inc. <br />&bull; Ms. Pamela H. Robinson, Executive Director, Indiana/World Skating Academy <br />&bull; Mr. James P. Roederer, Vice President, Investments, SmithBarney<br /><br /><font class="blue ">ABOUT CENTRAL INDIANA COMMUNITY FOUNDATION: </font><br />Central Indiana Community Foundation (CICF) is a $694 million public foundation transforming the lives of central Indiana residents in three ways: consulting donors, family foundations and their professional advisors on charitable giving; awarding grants to effective not-for-profit organizations; and providing leadership to address community needs and seize opportunities. CICF was established in 1997 as a partnership between The Indianapolis Foundation, serving Marion County since 1916, and Legacy Fund, serving Hamilton County since 1991. <br />For more information about CICF, visit <a href="http://www.cicf.org/">cicf.org</a>, or contact Mike Knight at mikek@cicf.org.</p><p>&nbsp;</p>http://www.cicf.org/cicf-news/2014/march/central-indiana-community-foundation-the-indianapolis-foundation-and-legacy-fund-2014-board-leadership-announced-Wed, 31 Dec 1969 19:00:00 -0500The Efroymson Family Fund Endows Chair For Cancer Research At Indiana University<p>INDIANAPOLIS &ndash; The Rachel Cecile Efroymson endowed chair has been established at the <a href="http://cancer.iu.edu/">Indiana University Melvin and Bren Simon Cancer Center</a> with a $2 million gift from the <a href="http://www.cicf.org/efroymson-family-fund">Efroymson Family Fund</a>.</p><p>Lori Efroymson-Aguilera, chair of the Efroymson Family Fund, serves on the IU Simon Cancer Center&rsquo;s development board. The fund has now established two endowed chairs to benefit research at the IU Simon Cancer Center and to honor the memories of Lori's late husband, Dan, and their daughter, Rachel. Both lost their lives to cancer.</p><p>&ldquo;I am deeply inspired by Lori and her family. Our relationship with them began because of a disease that took two lives, far too soon. What it did not take away from this extraordinary family is the passion to make a difference for others. Through their generosity, the names of Rachel and Dan Efroymson will remain a constant reminder to our researchers -- not for what cancer did to them -- but rather as a charge for what we must do to relieve the burden of cancer for other families,&rdquo; said Patrick J. Loehrer Sr., M.D., director of the IU Simon Cancer Center.</p><table width="280" cellspacing="1" cellpadding="5" border="0" align="right"><tbody><tr><td><p><img width="280" height="186" align="right" src="/files/image/Walther at night.jpeg" alt="" /></p></td></tr><tr><td style="text-align: center;"><small><font class="blue ">Walther Hall, located on the IUPUI campus, is Indiana University&rsquo;s largest research building and is home to most of the cancer center&rsquo;s researchers.</font></small></td></tr></tbody></table><p>Jiali Han, Ph.D., an internationally recognized cancer researcher who links genes for diseases with their environmental triggers has been named the Rachel Cecile Efroymson Chair in Cancer Research. Dr. Han also has been named professor and inaugural chair of the Department of Epidemiology at the new <a href="http://www.pbhealth.iupui.edu/">Fairbanks School of Public Health</a> at Indiana University - Purdue University Indianapolis.</p><p>&ldquo;I&rsquo;m grateful that the Efroymson Family Fund is a partner in our mission to decrease cancer rates in Indiana with public health strategies and to increase opportunities for physicians to educate their patients about personal genetic risk factors,&rdquo; Dr. Han said.</p><p>Dr. Han&rsquo;s role is to reveal the genetic traits that trigger disease when exposed to certain behaviors and then translate that knowledge into public policy and individual prevention strategies. His research involves comparing the genes of those who are exposed to environmental risks and get cancer with those who have the same environmental exposure but remain cancer free.</p><p>&ldquo;We can&rsquo;t change the genes that trigger disease, but educating about individual risk can lead to behavior modification,&rdquo; Dr. Han said. His goal is to collaborate with physicians to provide patients with personalized prevention programs.</p><p>Dr. Han is widely known for his skin cancer research. For example, he has demonstrated a link between tanning bed exposure and increased risk of basal cell carcinoma, the most common form of skin cancer. He has also published studies that indicate caffeinated coffee consumption lowers the risk of developing this specific skin cancer. Most recently, he has shown that those with a personal history of prostate cancer also have a greater chance of developing melanoma, the most deadly type of skin cancer. As chairman of the Department of Epidemiology at the Fairbanks School of Public Health, Dr. Han intends to recruit three more faculty members specializing in cancer epidemiology to join three current faculty members. Dr. Han will also serve as co-leader of the IU Simon Cancer Center&rsquo;s <a href="http://cancer.iu.edu/research-trials/programs/prevention/index.shtml">cancer prevention and control research program</a>. Nearly 40 researchers in the program are engaged in innovative and collaborative research, with the potential to decrease cancer morbidity and mortality.</p><p>&ldquo;Dr. Han is the right man at the right time for the Fairbanks School of Public Health and the IU Simon Cancer,&rdquo; Dr. Loehrer said. &ldquo;He brings experience, enthusiasm and leadership to the burgeoning field of molecular epidemiology and cancer. Only through the understanding of the many intricacies of the causes of cancer can we hope to make meaningful and sustainable impacts in patients&rsquo; lives.&rdquo; <br />Currently, Dr. Han leads collaborative studies that compare DNA markers across the genome -- the complete genetic material in a person -- in people with a disease or trait to people without the disease or trait by using bioinformatics and molecular biology tools to examine the association and the biological function of genetic variants. He has also worked on breast and lung cancers and endometriosis.<br />Dr. Han most recently was an associate professor of dermatology and medicine at Harvard Medical School and an associate professor of epidemiology at the Harvard School of Public Health. He earned his doctorate in biological sciences in public health from Harvard University.</p><p>Dr. Han serves as a key investigator on multiple National Institutes of Health-funded projects, providing critical expertise in genetic and molecular epidemiology to other faculty members and researchers. He has been the principal investigator on a number of NIH grants, and he has published more than 100 original research articles in peer-reviewed journals.</p><p>He has been invited to speak about his research at regional, national and international scientific meetings. He is an associate editor for the journal Cancer Causes and Control and serves on the editorial board of Experimental Dermatology, and he has been a guest associate editor of PLoS Genetics. He has served on a number of national and international committees and chaired sessions of national scientific societies.</p><p>&ldquo;This is a very rare opportunity,&rdquo; Dr. Han said of his decision to come to Indiana University. &ldquo;It&rsquo;s an opportunity to build a new school and a new department. It&rsquo;s very exciting to collaborate with outstanding physicians and scientists at IU who are doing extraordinary translational research.&rdquo;<br />The IU Simon Cancer Center is currently conducting a national search for a faculty member to hold the Daniel and Lori Efroymson Chair in Cancer Research.</p><hr /><p><strong><font class="blue ">About the Efroymson Family Fund</font></strong><br />The Efroymson Family Fund was established at Central Indiana Community Foundation in 1998 by Dan and Lori Efroymson to promote the vitality of communities and to date the Efroymson Family Fund has awarded more than $75 million in grants in central Indiana and beyond. <br />&nbsp;</p>http://www.cicf.org/cicf-news/2014/march/the-efroymson-family-fund-endows-chair-for-cancer-research-at-indiana-universityWed, 31 Dec 1969 19:00:00 -0500Finally, Some New Rules Without Expiration Dates<p>A New Playbook: Estate Planning After the American Taxpayer Relief Act of 2012 and After Repeal of the Indiana Inheritance Tax</p><p><strong><font class="blue ">Introduction and Background</font></strong></p><p><img width="150" height="188" border="10" align="right" src="/files/image/Bender_Tim_providedFeb2012.jpg" alt="" />Prior to the enactment of the American Taxpayer Relief Act of 2012 (the &ldquo;Act&rdquo;), the federal gift and estate tax laws (or &ldquo;rules&rdquo;) changed, or were scheduled to change, almost every year. Some of these changes could cause an increase, or a decrease, of millions of dollars in federal transfer taxes, from one year to the next. The frequent federal transfer tax law changes, or scheduled changes, encouraged some clients to make frequent, or immediate, planning revisions, but discouraged other clients from doing any planning at all. Furthermore, prior to 2013, Indiana inheritance taxes could pose a significant burden, warranting planning measures to reduce or eliminate the tax. With the passage of Act in early 2013, and with the repeal of the Indiana Inheritance Tax in 2013 (for decedents dying after December 31, 2012), we finally have a new set of rules without expiration dates, resulting in a new estate planning playbook.</p><p><strong><font class="blue "><br />Estate Planning Before the American Taxpayer Relief Act of 2012</font></strong></p><p>As indicated above, under former law, the amount of federal estate tax that would be owed by a decedent&rsquo;s estate could differ significantly, depending upon a difference of a year or two in the date of death. This variation was due solely to the year-to-year changes in the federal estate tax exemption. For example, the estate tax exemption was $2 million in 2008, $3.5 million in 2009, and $5 million in 2011. Furthermore, prior gift and estate tax laws had expiration dates. The $5 million exemption that applied in 2011 was scheduled to expire on December 31, 2012, to be replaced with only a $1 million exemption.</p><p>Before enactment of the Act, clients and their advisors were forced to consider alternative planning scenarios based on varying estate tax exemption amounts and assumptions as to the date of death and as to whether or not the then-current law would actually expire as scheduled. This uncertainty over the &ldquo;rules&rdquo; that would apply at death made planning very difficult.</p><p><font class="blue "><strong><br />Estate Planning After the American Taxpayer Relief Act of 2012</strong></font></p><p>The Act, which was not actually enacted until January 2, 2013, sets federal gift, estate, and generation- skipping transfer tax, exemption amounts at $5 million, indexed for inflation - and with no expiration dates. With inflation adjustments, these exemptions are $5.34 million in 2014. The Act also adds something new to the estate planning playbook: the ability to make a &ldquo;portability&rdquo; election, which may allow a surviving spouse to utilize the unused estate tax exemption of his or her predeceased spouse.</p><p>Estate plans should be reviewed in light of these changes. An estate plan completed in 2008, for example, when the federal estate tax exemption was $2 million, may no longer make sense or properly effectuate a client&rsquo;s intentions after the Act. Life insurance should be reviewed to ascertain the planning impact of the Act on the amount of the life insurance and on the ownership of such life insurance.</p><p><strong><font class="blue "><br />More on the &ldquo;Portability&rdquo; Provisions of the American Taxpayer Relief Act of 2012</font></strong></p><p>For years, clients have been advised to keep certain assets titled in the individual names of the husband and wife (and not titled in their joint names, with rights of survivorship), in order to utilize the estate tax exemption at the first to die of the husband and wife. The failure to properly title assets could have caused significant (even millions of dollars of) estate tax. With the new portability provisions of the Act, however, the separate titling of assets (and the planning that went along with such titling) may no longer be necessary in order to avoid federal estate taxes. In fact, a client&rsquo;s desires might be better achieved by titling assets jointly with his or her spouse. Keeping assets titled in the individual names of the husband and wife might cause a probate proceeding to be needed in the estate of the first to die, unless revocable trust ownership is used. A probate proceeding might easily be avoided by titling assets in joint names.</p><p>On the other hand, some clients will be better served to keep certain assets titled in individual names in order to, for example, &ldquo;protect&rdquo; such assets in trust for the benefit of children and grandchildren. Furthermore, having assets titled in the decedent&rsquo;s individual name may allow all appreciation on such assets to escape further estate taxation. Even clients who have gifted away their entire gift tax exemption may want to keep some assets titled in their individual names in order to utilize the inflation adjustment increases to the gift/estate tax exemption that would be available.</p><p><strong><font class="blue "><br />Use of Trusts After the American Taxpayer Relief Act of 2012</font></strong></p><p>Popular planning techniques in 2011 and 2012 included the creation and funding of various types of trusts &ndash; spousal lifetime access trusts, gift trusts for children and/or grandchildren, asset protection trusts, grantor retained annuity trusts and charitable annuity trusts. Such planning techniques allow appreciation to be removed from the grantor&rsquo;s estate, and each technique also has its own special purposes or benefits. Such techniques should still be attractive in 2014 and beyond, and an added motivation will be to take steps to reduce income taxes. Income tax rates have increased. A gift trust for children and/or grandchildren may help reduce the overall income tax liability of a family because the income from such a trust could be sprinkled among various family members who are in different income tax brackets, reducing the overall income tax liability of the family. Grantor retained annuity trusts and charitable lead annuity trusts continue to be good planning tools in a low interest rate environment.</p><p><br /><strong><font class="blue ">Repeal of the Indiana Inheritance Tax</font></strong></p><p>Indiana long had an inheritance tax. The inheritance tax could be significant, and even applied to certain relatively small value transfers at death. Planning to reduce or eliminate the Indiana inheritance tax was often an important part of the overall estate planning &ndash; and such planning measures included changing the State of residence, and using trusts that were specially drafted and designed to minimize the Indiana inheritance tax.</p><p>In 2012, the Indiana Legislature passed legislation to repeal the inheritance tax over a ten &ndash; year period, such that the tax would have been fully repealed in 2022. The legislature also enacted provisions increasing the amount of certain exemptions that applied for inheritance purposes, prior to complete repeal of the tax.</p><p>The 2013 Indiana legislature decided to accelerate the repeal of the inheritance tax. Legislation was enacted in 2013 which fully repealed the Indiana inheritance tax, effective for decedents dying after December 31, 2012. Accordingly, for Indiana - specific estate planning purposes, there is also a new set of rules with no expiration date, and a new estate planning playbook. Clients should have their estate plan reviewed to make sure that their existing estate plan makes sense and properly effectuates their intent, after repeal of the Indiana inheritance tax.</p><p><br /><strong><font class="blue ">Future Federal Tax Law Changes</font></strong></p><p>Even if the new higher federal gift, estate and generation-skipping transfer tax exemptions are now in fact &ldquo;permanent,&rdquo; it seems likely that additional laws affecting federal death taxes will be enacted and will change from time to time. For example, there is sentiment to reduce or eliminate some of the estate planning benefits of family limited partnerships (or family limited liability companies), grantor retained annuity trusts, dynasty trusts and grantor trusts. Prompt planning may be needed in order to take advantage of these planning techniques.</p><p><strong><font class="blue "><br />Review and More Information</font></strong></p><p>To have an estate plan prepared or reviewed, or for more information, please contact Timothy J. Bender, JD, CPA (Inactive), CFP&reg;, <a href="javascript:void(location.href='mailto:'+String.fromCharCode(116,98,101,110,100,101,114,64,108,97,119,109,103,46,99,111,109)+'?subject=Finally%2C%20Some%20New%20Rules%20Without%20Expiration%20Dates%20from%20CICF.org')">tbender@lawmg.com</a>, in our Indianapolis office.</p><hr /><p>NOTICE: In keeping with the applicable provisions of the Internal Revenue Service Regulations, please be advised that any statements contained in this document which may, in any way, be construed as tax advice were neither intended nor written to be used, and may not be used, for the purpose of avoiding penalties under the Internal Revenue Code</p><p>Mallor Grodner LLP<br />Indianapolis / 101 W. Ohio, Ste. 1600, Indianapolis, IN 46204<br />p 317.453.2000 / f 317.631.1314<br /> www.lawmg.net<br />&nbsp;</p>http://www.cicf.org/cicf-news/2014/february/finally--some-new-rules-without-expiration-datesWed, 31 Dec 1969 19:00:00 -0500